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You decide to sell short 2 0 0 shares of Charlotte Horse Farms when it is selling at its yearly high of $ 6 1

You decide to sell short 200 shares of Charlotte Horse Farms when it is selling at its yearly high of $61. Your broker tells you that your margin requirement is 45 percent and that the commission on the purchase is $155. While you are short the stock, Charlotte pays a $2.00 per share dividend. At the end of one year, you buy 200 shares of Charlotte at $45 to close out your position and are charged a commission of $145 and 9 percent interest on the money borrowed. What is your rate of return on the investment, in percentage format, rounded to the nearest hundredth?
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